T. Rowe Price hire to spearhead intermediary growth
T. Rowe Price has appointed a Sydney-based relationship manager to contribute to the firm’s growth and strengthen its partnership with the financial adviser community.
The global asset manager has announced the appointment of Camilla Banasiak as a relationship manager based in Sydney.
In her new position, Banasiak will lead efforts to service and grow its adviser client base across Sydney and the broader state of NSW.
She will work within T. Rowe Price’s Australian intermediary team to identify suitable investment solutions to meet advisers’ needs, while reporting to Jonathon Ross, head of intermediary for Australia and New Zealand.
Prior to joining T. Rowe Price, Banasiak was at investment platform Netwealth for nearly six years from 2018. At the company, she held the role of training and relationship manager, and was then appointed to business development manager, covering NSW and the ACT in 2021.
Moreover, the relationship manager held several positions at BT Financial Group for over two years.
Commenting on her appointment and established history in business development, Ross welcomed Banasiak to T. Rowe Price’s Australian distribution team.
“Providing comprehensive training on diverse investment strategies is a key pillar in how we support our financial adviser partners and investors. With Camilla’s extensive experience in training and client engagement, we are confident she will contribute significantly to the firm’s ongoing growth by developing a strong partnership with the financial adviser community,” he remarked.
“T. Rowe Price has experienced steady growth in Australia and New Zealand in recent years, driven by increasing client demand for our expanded capabilities across global equities and fixed income.”
The global investment firm has over US$1.5 trillion in assets under management, as at 30 April 2024.
Last month, it announced the appointment of Tim Chamberlain as APAC regional chief operating officer which will see him move from London to Australia.
He joined T. Rowe Price in April 2023 and currently serves as general manager for the firm’s chief data office.
In his new role, Chamberlain will provide oversight and management of T. Rowe Price’s APAC offices and their operations to support continued business growth in the region. He will also support the management of the APAC business and function as a key adviser and business partner to regional leaders and other senior executives.
AUTHOR
Jasmine Siljic
Recommended for you
There has been a “noticeable uptick” in the use of smart beta ETFs by advisers and sophisticated investors, according to Betashares, who are using the vehicles to take control of their portfolio construction.
The FSC has announced 15 proposals ahead of the federal election which it hopes will increase the competitiveness of Australia’s financial services sector, including six with a focus on fund managers.
Regal Funds Management saw total net inflows of $2.1 billion during 2024, with flows primarily going into long/short equities and multistrategy vehicles.
There is growing divergence between institutional and retail investors in their enthusiasm towards equities, according to Bank of America, with retail sentiment being “unusually low” at the start of 2025.
